Walleye Trading LLC Lowers Stock Holdings in Globalink Investment Inc. (NASDAQ:GLLI)

Walleye Trading LLC reduced its stake in Globalink Investment Inc. (NASDAQ:GLLI) by 48.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,172 shares of the company’s stock after selling 36,006 shares during the quarter. Walleye Trading LLC owned 0.64% of Globalink Investment worth $433,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of GLLI. Wolverine Asset Management LLC lifted its holdings in shares of Globalink Investment by 1.1% in the 2nd quarter. Wolverine Asset Management LLC now owns 222,619 shares of the company’s stock valued at $2,524,000 after buying an additional 2,494 shares during the period. Clear Street LLC lifted its holdings in shares of Globalink Investment by 2,250.8% in the 2nd quarter. Clear Street LLC now owns 19,982 shares of the company’s stock valued at $227,000 after buying an additional 19,132 shares during the period. Finally, Cowen AND Company LLC lifted its holdings in shares of Globalink Investment by 85.0% in the 2nd quarter. Cowen AND Company LLC now owns 126,746 shares of the company’s stock valued at $1,439,000 after buying an additional 58,229 shares during the period. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Globalink Investment Price Performance

GLLI opened at $11.44 on Thursday. The business has a 50 day simple moving average of $11.42 and a 200-day simple moving average of $11.31. The stock has a market capitalization of $68.75 million, a P/E ratio of -49.74 and a beta of 0.01. Globalink Investment Inc. has a 12 month low of $10.78 and a 12 month high of $12.10.

About Globalink Investment

Globalink Investment Inc does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify and acquire businesses in the medical technology and green energy sectors in North America, Europe, Southeast Asia, and Asia excluding China, Hong Kong, and Macau.